YCBD- another marijuana pneey stock lights it up LONGThe idea is on the 15 minute chart here- See also ideas for OBI, ACB, TLRY, and CGC
Germany also is pushing full legalization. A new day is dawning? Several states are working
on releasing minor offenders ( clemency and pardoning).
YCBD is risky but the potential rewards are great. As for me, a fair position with a stop loss
of 10% targets of 50%, 100% and 200%. I am in no hurry and will accept the cup and handle
as being over a relatively short period of time and so not necessarily highly reliable.
Nevertheless, i will chase some of the hottest things around- penny and low priced
marijuana stocks. (Very) HOT until they are not.
YCBD trade ideas
YCBD PredictionNo resistance until $2.20. Then it will retest the open, re test high (fail probably on first test), then fill the gap and moon after that. Of course anything can happen, but that would be my price action analysis.
This all assuming it Opens over $1.30 anything below that this is invalidated 100%
$YCBD Monday Trade setup into earnings
Possible trade setup into earnings Monday after the close.
Alert set for move above $1 with $1.20 as a very reasonable upside target
very reasonable p/e 8.5
Company profile
cbdMD, Inc. is a nationally recognized consumer cannabidiol brand which engages in producing and distributing of CBD products. Its products include CBD tinctures, CBD gummies, CBD topical, CBD bath bombs, and CBD pet products. cbdMD was founded by Caryn Dunayer in March 2015 and is headquartered in Charlotte, NC.